Final answer:
The VAT on a €250 purchase at 23% in Ireland is €57.50, which is calculated by multiplying the price of €250 by the VAT rate of 0.23.
Step-by-step explanation:
To calculate the Value-Added Tax (VAT) on a €250 item with a VAT rate of 23%, you will first need to convert the VAT percentage into a decimal form. This is done by dividing the VAT rate by 100. As a result, 23% becomes 0.23. After that, you multiply the item's price by the decimal VAT rate.
Thus, the VAT on a €250 item at 23% is calculated as follows: €250 × 0.23 = €57.50
Therefore, the VAT on a €250 purchase is €57.50. The correct answer is d) €57.50.
To calculate the VAT on a purchase, you need to multiply the purchase price by the VAT rate. In this case, the purchase price is €250 and the VAT rate is 23%. So, the VAT will be €250 * 0.23 = €57.50 (option d).